Smith

Investing wisely

In response to George Jung, I’m glad my letter on the coffee can investment made you chuckle.

I seem to make a lot of people chuckle and there’s nothing wrong with that.

I just want to clarify that I wasn’t saying don’t invest at all in the stock market. That was my grandfather’s opinion.  

I was simply saying don’t invest more than you can afford to lose. Don’t put all your eggs in one basket.

As for your, “Gee Whiz, we recovered a long time ago from that..” referring to the last stock market crash, I’m happy for you, but you speak only for yourself.

The Barack Obama stock market numbers you followed up with don’t tell the whole story. If they did, we wouldn’t have an increasing number of tent cities popping up everywhere. Have they recovered?  

The crash of 2008, which was caused by massive fraud resulting in trillions of dollars lost and thousands of families losing their homes, has not resulted in one financial executive going to jail.

I have a small amount in the market in the long-term investments with a variety of stable, proven companies, which George correctly indicated is a wise move.  

I saw the housing bubble of 2005 getting ready to burst. I sold my condo and made out like a bandit. The person who bought it qualified with a bogus mortgage sold to them by one of my former banks, which is no longer a bank.

Are you all looking forward to the day when it gets down to one bank? Not me.

The best investment you can make for yourself, which is better than the stock market or a coffee can, would be to get a fixed rate loan on a home mortgage and pay it off as quickly as you can.

Mitchell Seyfer

Palmdale

Manipulating

the facts

Today’s opinion piece by Paul Krugman displays his penchant toward attributing simple, and possibly erroneous, conclusions to complex events. He makes conclusions with both the midterm elections and the recent volatility of the stock market.

He states, “…voters have been aware for some time that government by a bad man is bad government. That’s why Democrats won a historically spectacular majority…” Let’s apply that logic to other midterms.

Clinton’s 1994 midterms resulted in the Democrats losing control of the House and the Senate. Obama’s 2010 midterms resulted in the Democrats losing six seats in the Senate and losing 63 seats in the House, allowing the Republicans to take control. Trump gained seats in the Senate and lost 41 seats in the House.

Using Krugman’s logic: Clinton and Obama are bad men and created bad government.

He states that after Trump was elected, the “financial market’s briefly freaked out, then quickly recovered.” But now the market is unstable because investors have realized that Trump is a “bad man.” The market did not just “recover,” but made exponential growth with the Dow Jones setting records with gains of 34% from Trump’s inauguration to the highest point right before the midterms. At it’s lowest point since the midterms, the Dow Jones is still 10% higher.

Did the market skyrocket after Trump’s election because of Trump’s economic policies and is now volatile because the Democrats took control of the House and have promised to undo Trumps regulatory reforms — which the Washington Post states have saved businesses over $23 billion — and overturn the recent tax cuts?

Both liberal and conservative commentators manipulate the facts to support their point. Economics and the human behavior that drives it, have complex issues with manifold parts; results are not easily explained.

R.D. Smith

Palmdale

Taking credit

With 17 ongoing investigations into every facet of Trump’s businesses, charities, campaign, political and personal life, there seems to be fire wherever there’s smoke.

Nixon’s administration leads with 76 indictments, 55 convictions and 15 prison sentences, followed by Reagan with 26/16/8 and George W. Bush with 16/16/9. President Clinton’s was a low 2/1/1 in eight years and George H.W. Bush’s was 1/1/1 in four years. President Obama’s administration ended after eight years with zero indictments of anyone in his administration as hard as the filthy, rotten Republicans in Congress tried. Was it 11 hearings on Benghazi that came up empty? The Republicans can’t govern and they are inept at investigations, too.    

Let’s see how many guilty pleas and convictions Trump will rack up. What a great businessman, with four bankruptcies of his businesses and not personal. He thinks that makes it sound better.  What a great father, teaching his kids ethics. Eric might be the smart one after all, since he isn’t a suspect yet.

What a great philanthropist with a fraudulent charity that the government shut down, not to mention Trump “university,” an uncredited fraud that paid out $25 million in a settlement with its students. I swear that some of his fans that submit letters here went to Trump U.  

Going from a joke in New York City to a reality TV show pushing the lie that he’s a great businessman, he will be known as the worst president ever.

Over 7,000 documented lies since he took office. A tax giveaway to the wealthiest and corporations does not make him a great president. A fifth grader could have done that and would have been mocked for it. He’s not taking credit for the stock market lately. How come?

Williams Pappas

Palmdale

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